The Miri Strategic Emerging Markets Fund LP acquires 10.61% stake in MiCo through open market purchases

Foreign fund The Miri Strategic Emerging Markets Fund LP reported holding 3,546,861 shares of MiCo as of July 20, 2026, representing a 10.61% stake.
The stake was acquired through open market purchases from July 9 to July 20 at prices ranging from 15,172 KRW to 16,961 KRW per share, above the current price of 14,960 KRW.
This is a new report, marking the fund's crossing of the 10% threshold as a major shareholder. Since no new shares were issued, there is no dilution for existing shareholders.
The fund's purchases at a premium indicate institutional confidence, but the ultimate impact on shareholder value depends on future actions such as additional buying or activist involvement.
[AI Summary]This disclosure formalizes the foreign fund's acquisition of a 10.61% stake in MiCo via open market purchases, resulting in no dilution for existing shareholders. The above-market purchase prices are a positive signal, but the short-term stock price impact is limited, with the fund's next moves being the key determinant of future stock performance.